San Miguel County home sales plummet

The value of homes sold in San Miguel County plunged 60 percent in August to $26.9 million, compared to $66.6 million in August last year, according to statistics compiled by Telluride Consulting.
The number of homes sold dropped 44 percent to 32, cmpared to 57 in August 2007. It’s the fewest number of homes sold since August 2003, when 49 home sales generated $20 million in volume.
For the year, sales are down 48 percent to 233, compared with 450 last year. It’s the worst year since 2003, when 402 homes were sold.
Volume is down 54 percent to $254 million, compared with $508.5 million last year. Sales volume in 2003 was $207.4 million.

Emilie Rusch covers retail and commercial real estate for The Post. A Wisconsin native and Mizzou graduate, she moved to Colorado in 2012. Before that, she worked at a small daily newspaper in South Dakota. It's the one with Mount Rushmore.